Bitcoin fluctuates heavily

The value dropped more than 17%.

Thairath Online

  • economy

  • Marketing - Business

6 Dec. 2021 3:33 p.m.

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The crypto market is volatile.

Bitcoin is down 17% after investors sell off.

Concerned about the spread of Omicron covids

and the news of Evergrande's default payment

The CNBC website reported that on Dec. 5, the price of cryptocurrencies fluctuated heavily. Bitcoin prices fell more than 17 percent after investors rushed to sell off the risk. due to concerns about the spread of COVID-19 Omicron species and its impact on economic recovery The bitcoin value dropped to around $48,000 or around 1,632,030 baht as of 2:30 p.m. today.

The stuffed website

An interview with Janine Granger, CEO of Ezy Crypto, said that the bitcoin price drop over the past weekend is difficult to determine why.

Some view it as the impact of Evergrande's default on debt.

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Chinese giant

At the same time, the price drop could be caused by the movement of large crypto holders.

It also stated that some bitcoin holders were not shocked by the fall in value.

This is because around 20 percent volatility is typical of the crypto market.

Sources: CNBC, Stuff.

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